U.S. Government Bonds Pull Back on Looming Supply

U.S. Treasury bonds came under pressure Tuesday as investors put aside lingering geopolitical concerns to focus on supply entering the bond market.

In late afternoon New York trading, benchmark 10-year notes slipped 8/32 in price to yield 2.449%, according to Tradeweb. The 30-year bond lost 25/32 to yield 3.274%, while two-year notes were flat to yield 0.440%. Bond yields rise when prices fall.